Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on October 21, 2016 indicate that Texas-based Titan Securities broker Donald Wells has been sanctioned by the Washington Securities Division. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Wells (CRD# 1217316).
Donald Wells has spent thirty years in the securities industry and has been registered with Titan Securities in Dallas, Texas since 2010. Previous registrations include KMS Financial Services in Seattle, Washington; World Group Securities in Oak Harbor, Washington; WMA Securities in Duluth, Georgia; InterSecurities in St. Petersburg, Florida; and First American National Securities in Duluth, Georgia. He is a registered broker with four US states: California, Nevada, Texas and Washington.
According to his BrokerCheck report, Donald Wells has received one regulatory sanction.
In March 2016 the Washington Securities Division sanctioned Donald Wells following allegations he “violated the Securities Act of Washington through the offer and sale of approximately $17 million of Life Partners, Inc. life settlements to Washington residents from 2009 to 2014.” Specifically, the Division alleged Mr. Wells and others “violated RCW 21.20.010, the antifraud provision of the Securities Act, by misrepresenting or failing to disclose material information in connection with the sale of LPI life settlements.” He was issued a cease-and-desist order and fines totaling $2,450.
If you have lost money investing with Donald Wells, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.